The majority of Millionaires are first generation, meaning they worked for it
1 Common trait amongst millionaires is that they made money and reinvested that into cash appreciating ASSETS
5 Money Habits of Millionairesπ
1 Common trait amongst millionaires is that they made money and reinvested that into cash appreciating ASSETS
5 Money Habits of Millionairesπ
1/ ETFs
One NO BRAINER investment is in ETFs or Exchange Traded Funds
Think of ETFs as a Basket of Stocks
Low cost funds diversify your portfolio
Here are some GREAT ETFs:
$SPY S&P 500
$VTI Total Market
$SCHD US Dividend
$DGRO Dividend Growth
$VYM High Yield
$QQQ Technology
One NO BRAINER investment is in ETFs or Exchange Traded Funds
Think of ETFs as a Basket of Stocks
Low cost funds diversify your portfolio
Here are some GREAT ETFs:
$SPY S&P 500
$VTI Total Market
$SCHD US Dividend
$DGRO Dividend Growth
$VYM High Yield
$QQQ Technology
2/ Dividend Stocks
The key is that millionaires understand the goal of having GROWING passive income
Those are 2 things in 1
Passive income is earning money in your sleep
Growing passive income is the idea of Compounding Dividends
5 Div Growth Stocks
$AVGO
$ABBV
$V
$HD
$BAC
The key is that millionaires understand the goal of having GROWING passive income
Those are 2 things in 1
Passive income is earning money in your sleep
Growing passive income is the idea of Compounding Dividends
5 Div Growth Stocks
$AVGO
$ABBV
$V
$HD
$BAC
3/ Business
It is NOT a requirement to become an entrepreneur to become wealthy
However, you could invest in a startup business that you are excited about or multiple
Buy small shares in companies while they are small
It is NOT a requirement to become an entrepreneur to become wealthy
However, you could invest in a startup business that you are excited about or multiple
Buy small shares in companies while they are small
4/ Budgeting
It is one thing to make a lot of money, but if that money just comes in the door and exits out the side door, then you are not building wealth
This is where budgeting comes in
Track your INCOME and your Expenses to ensure you know what your money is going towards
It is one thing to make a lot of money, but if that money just comes in the door and exits out the side door, then you are not building wealth
This is where budgeting comes in
Track your INCOME and your Expenses to ensure you know what your money is going towards
5/ Income Streams
No MILLIONAIRE relies on just ONE income stream
The key here is to build MULTIPLE income streams
- 9 to 5 Income
- Affiliate Sales
- Rental Income
- Dividend Income
- Side Hustle Income
No MILLIONAIRE relies on just ONE income stream
The key here is to build MULTIPLE income streams
- 9 to 5 Income
- Affiliate Sales
- Rental Income
- Dividend Income
- Side Hustle Income
I hope you enjoyed the thread
Which of these Money Habits do you think are MOST important?
If you enjoyed the thread:
1. Follow @Dividend_Dollar
2. Spread the love by sharing the thread
Have a great day!
Mark
Which of these Money Habits do you think are MOST important?
If you enjoyed the thread:
1. Follow @Dividend_Dollar
2. Spread the love by sharing the thread
Have a great day!
Mark
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